Finance September 26, 2025

Waaree Energies shares drop 5% after US customs probe into alleged tariff evasion

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Waaree Energies shares drop 5% after US customs probe into alleged tariff evasion

Waaree Energies' shares declined following a U.S. customs investigation into potential tariff evasion. The probe centers on allegations that the company mislabeled Chinese-made solar cells and panels as Indian products to avoid U.S. duties. This investigation, prompted by concerns from the American Alliance for Solar Manufacturing Trade Committee, could significantly impact Indian solar exports.